American Water Works pany(AWK)
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California American Water Files Motion to Dismiss Monterey Peninsula Water Management District's Condemnation Suit
Businesswire· 2024-02-27 11:05
公司诉讼动议 - 公司向蒙特雷县高级法院提出动议,要求驳回蒙特雷半岛水务管理区通过征收领地权的方式对公司蒙特雷半岛水系统进行政府接管的诉讼[1] - 公司认为District的诉讼未能满足进行如此重大行动所需的基本法律要求,应当被驳回[1] 法律授权问题 - 公司指出District缺乏加州立法机构和蒙特雷县地方机构编制委员会的法律授权,无法成为蒙特雷半岛的零售供水服务提供商[3] 财产接管范围 - 公司主张District的诉讼不当寻求接管超出其领地范围之外的财产[3] 供水可持续性 - 公司强调居民应该获得可持续的供水,而不是更多的诉讼和对District资源的不必要浪费[4] 公司背景介绍 - 加利福尼亚美国水公司及其前身公司已经在蒙特雷半岛运营水系统超过60年,目前服务约10万人,拥有超过680英里的管道网络和100多个储水罐[5] - 美国水公司是美国最大的受监管水务和废水公用事业公司,提供安全、清洁、可靠和价格合理的饮用水和废水服务,服务对象超过1400万人[6] - 加利福尼亚美国水公司是美国水公司的子公司,为约70万人提供高质量和可靠的水务和废水服务[7]
New Jersey American Water Reports More Than $507 Million in System Investments Statewide in 2023
Businesswire· 2024-02-27 03:46
公司投资情况 - New Jersey American Water在2023年末投资超过5.07亿美元用于系统改进[1] - 公司每年在基础设施上投资数百万美元,包括维护和升级处理和分配系统[2] 系统改进亮点 - 2023年系统改进亮点包括:主干管道投资1.75亿美元用于安装、更换或修复超过91英里的主干管道[3] - 公司还投资约276万美元用于泄漏检测设备,以增强对泄漏和破裂的响应能力[4]
American Water to Contribute Expertise to Several Panels at NARUC Winter Policy Summit
Businesswire· 2024-02-23 00:00
CAMDEN, N.J.--(BUSINESS WIRE)--American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., announced today that three representatives will join regulatory policy panels at the National Association of Regulatory Utility Commissioners’ (NARUC) Winter Policy Summit, taking place from February 25 through 28 in Washington, D.C. American Water will have a leading presence at the conference to discuss issues of heightened importance to commissioners, customers and communitie ...
4 Low-Beta Utility Stocks to Buy Amid Ongoing Market Volatility
Zacks Investment Research· 2024-02-22 22:30
Volatility has returned to Wall Street after the rally, which started in early January, came to a sudden halt last week after fresh data showed that inflation rose last month. An unexpected jump in inflation has once again dimmed hopes of the Federal Reserve going for its first rate cut in March.The Commerce Department last week reported that the consumer price index (CPI) rose 0.3% month over month in January and 3.1% from a year ago. Also, core CPI, which excludes the volatile energy and food prices, rose ...
California American Water's Aquifer Storage and Recovery Program Bolsters Community's Water Supply
Businesswire· 2024-02-22 02:17
PACIFIC GROVE, Calif.--(BUSINESS WIRE)--Building upon over two decades of success, California American Water continues its Aquifer Storage and Recovery (ASR) program during the rainy season to capture and store excess water for use during periods of drought. This innovative initiative captures excess winter flows from the Carmel River, strategically replenishing underground aquifers. ASR is made possible by a well, pump and booster station network along the Carmel River and the award-winning parallel pip ...
American Water Awarded New Research Grant Focusing on Early Warning System for Algal Blooms
Businesswire· 2024-02-22 00:00
美国水公司新资助 - 美国水公司获得了来自水研究基金会的新资助,旨在开发成本效益高的工具,早期可靠地识别有害藻类水华[1] 合作推动饮用水科学研究 - 美国水公司与水研究基金会合作,致力于推动饮用水科学研究,研究藻类水华对水供应商和社区的负面影响[2] 监测工具改进 - 美国水公司的首席科学家表示,现有的藻类水华监测工具速度慢且不可靠,他们将结合卫星成像和机器学习工具,以开发更有效的监测策略[3]
American Water Announces Launch of American Water Charitable Foundation 2024 Water and Environment Grant Program
Businesswire· 2024-02-21 20:00
ST. LOUIS--(BUSINESS WIRE)--Missouri American Water announces the launch of the American Water Charitable Foundation 2024 Water and Environment Grant Program. “This program focuses on helping local organizations carry out meaningful, sustainable initiatives that can ultimately benefit our watersheds,” said Rich Svindland, president of Missouri American Water. “We encourage schools, environmental organizations and civic groups located in our service territories throughout the state to apply for a water-re ...
American Water Ranks No. 1 in Utilities Industry on Forbes America's Best Large Employers 2024 List
Businesswire· 2024-02-21 00:00
CAMDEN, N.J.--(BUSINESS WIRE)--American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., announced today that it has been ranked number 1 in the utilities industry on Forbes America's Best Large Employers 2024 list. The ranking is based on an independent survey of employees. "American Water is honored to receive recognition on Forbes America's Best Large Employers 2024 list," said M. Susan Hardwick, President and Chief Executive Officer, American Water. "We are e ...
American Water's Earnings and Revenue Flow Past Wall Street's Estimates
The Motley Fool· 2024-02-19 06:35
American Water Works (AWK -1.16%), the largest publicly traded U.S. water and wastewater utility, reported robust fourth-quarter 2023 results on Wednesday after the closing bell. Shares gained 3.1% on Thursday, though they declined 1.2% on Friday. Thursday's upward move was likely in part attributable to the company easily exceeding Wall Street's revenue and earnings estimates. But a good chunk of Thursday's gain and all of Friday's drop were probably due to overall market dynamics, as major indexes rose on ...
Indiana American Water Granted New Rates by the Indiana Utility Regulatory Commission
Businesswire· 2024-02-16 05:30
GREENWOOD, Ind.--(BUSINESS WIRE)--The Indiana Utility Regulatory Commission (IURC) yesterday issued an order approving base rate adjustments on a statewide basis for Indiana American Water following a comprehensive 11-month review process. The company’s rate adjustment request, which was filed on March 31, 2023, was driven primarily by approximately $875 million in water and wastewater investments since the last approved rate adjustment, to be made through April 2025, as well as increases in the cost of ...